H.R. 807 - Full Faith and Credit Act
H.R. 807 authorizes the Secretary of the Treasury, in the event of the federal government reaching the statutory debt limit, to issue new debt for the sole purpose of making payments on the principal and interest earned on the debt, and payments from the Social Security Trust Fund only.
Structured rule (making only particular amendments in order) for consideration of H.R. 807. Reported by a vote of 5 yeas to 2 nays.
H.R. 807 | Republican | Democratic | Bipartisan |
Submitted | 7 | 9 | 0 |
Withdrawn | 2 | 0 | 0 |
Made in Order | 1 | 0 | 0 |
Debate Time: Provides one hour of general debate equally divided and controlled by the chair and ranking minority member of the Committee on Ways and Means.
Provides 10 minutes of debate on the amendment from Mr. Camp (MI).
Provides one motion to recommit with or without instructions.
Floor Managers: Sessions/Slaughter